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Is deferred revenue a liability and how does one account for it?

Is deferred revenue a liability and how does one account for it?

Corporations receive unearned revenue or deferred income in the form of an advanced payment…

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What Are Best Ways To Improve Your Quality Management With Internal Audits

What Are Best Ways To Improve Your Quality Management With Internal Audits

If a company wants to be successful, quality management has to be a required…

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Cash Flow Analysis – Basics, Benefits And How To Do It

Cash Flow Analysis – Basics, Benefits And How To Do It

The most important part of financial management is cash flow analysis. It is what…

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What Are The New Income Tax Slabs, And Rates After Interim Budget 2024 For FY 2024-25?

What Are The New Income Tax Slabs, And Rates After Interim Budget 2024 For FY 2024-25?

On February 1, 2024, the Indian government issued an interim budget describing its financial…

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Why Startups Fail and The Role of Accounting in Corporate Governance for Startups

Why Startups Fail and The Role of Accounting in Corporate Governance for Startups

Introduction Failures of startups, a recent example being Ahmedabad-based TechTrek have shown the risks…

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How To Fix QuickBooks Administrator Permissions Needed Issue?

How To Fix QuickBooks Administrator Permissions Needed Issue?

The “QuickBooks Administrator Permissions Needed” mistake can significantly impede efficient accounting processes by blocking…

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5 New Capabilities Of TallyPrime That Simplifies GST Compliance for Your Business

5 New Capabilities Of TallyPrime That Simplifies GST Compliance for Your Business

Upgrade to the latest TallyPrime Release 3.0 for easier GST management. With a more…

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Why The Going Concern Concept Is Important In Accounting

Why The Going Concern Concept Is Important In Accounting

Overview Understanding accounting concepts is like learning a business language. The Going Concern Concept…

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How to file TDS on the Sale of Property – Section 194IA

How to file TDS on the Sale of Property – Section 194IA

Navigating the complex world of tax regulations in real estate transactions is critical for…

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